Searches And Hires
The retirement fund made two commitments last month as part of its annual pacing plan.
The authority is seeking a firm to provide comprehensive investment advisory services.
The public utility fund approved a venture capital commitment earlier this month.
The plans have worked with incumbent Innovest Portfolio Solutions since 1999.
The retirement system approved the search at last week’s board meeting due to an upcoming contract expiration.
The plan approved the search at a board meeting yesterday for pacing purposes.
The retirement plan interviewed three consultant finalists for its alternatives portfolio.
The pension fund also reached the range for this year’s pacing plan for the asset class with a recent $50 million commitment.
The retirement system made investments of $100 million each to “fixed-income replacement” and infrastructure funds this week.
The retirement system will issue an RFP for lower middle market buyout funds.
